Protected no claims question

binty

I'm currently looking for renewal quotes for OH, and he had a no fault claim in Nov 2005. He's been with same company since May 2005 with protected no claims, but I'm confused at to what to fill in in the boxes.

If it's protected no claims, if I fill in that he's got full 8 years ncd, then I come to fill in claim details saying no fault claim in 2005, does protected no claims apply only if staying with same insurer?

I'm feeling really stupid:rolleyes:
Hope someone can clarify for me:D

raskazz

binty wrote: »

I'm currently looking for renewal quotes for OH, and he had a no fault claim in Nov 2005. He's been with same company since May 2005 with protected no claims, but I'm confused at to what to fill in in the boxes.

If it's protected no claims, if I fill in that he's got full 8 years ncd, then I come to fill in claim details saying no fault claim in 2005, does protected no claims apply only if staying with same insurer?

I'm feeling really stupid:rolleyes:
Hope someone can clarify for me:D

Yes, enter the NCD that he is entitled to, and enter the claim details. If the only claim within the period the insurer is checking is the non fault claim, NCD would not be affected regardless of protection.

lisyloo

If the only claim within the period the insurer is checking is the non fault claim, NCD would not be affected regardless of protection.

I'm not sure this is right so perhaps wait until some of he experts come along.
It's a "No claims" bonus no a "No blame" bonus.
If you make a claim it's affected.
I'm not sure that protected NCD is transfereable (probably depends on the new insurer).

Usually no fault claims DO affect your NCD because it's a claim and it's claims that count against you NOT blame (there are some exception like Direct line).

brazilianwax

lisyloo wrote: »

I'm not sure this is right so perhaps wait until some of he experts come along.
It's a "No claims" bonus no a "No blame" bonus.
If you make a claim it's affected.
I'm not sure that protected NCD is transfereable (probably depends on the new insurer).

Usually no fault claims DO affect your NCD because it's a claim and it's claims that count against you NOT blame (there are some exception like Direct line).

But if you had protected no claims at the time of the claim then you keep the level of NCB you had before the claim (that's the point of protecting them!). So 8 years should still be 8 years.

However, some companies will not allow you to protect your NCB after 2 claims in 3 years, or they'll push the premuim up considerably.

But you should still be able to get quotes on 8 years protected NCB, OP.

binty

lisyloo wrote: »

I'm not sure this is right so perhaps wait until some of he experts come along.
It's a "No claims" bonus no a "No blame" bonus.
If you make a claim it's affected.
I'm not sure that protected NCD is transfereable (probably depends on the new insurer).

Usually no fault claims DO affect your NCD because it's a claim and it's claims that count against you NOT blame (there are some exception like Direct line).

That's what I was thinking. In which case is it best to protect your no claims or not? It seems to add about £60-70 onto the cost of my quotes, and I'm struggling to get a quote under £300, which seems a lot. My OH is 34, only driver of our car (w reg mondeo 1.8TD)

My head hurts!

---lee---

Protected no claims just means that your no claims is not stepped back in the event of a claim. Claims still have to be declared.

EDIT: Just re-read whar I wrote and it does not make any sense. What I mean is if you have 6 years NCD protected and have a claim, you still have 6 years NCD whereas if it's uprotected your years would be stepped back meaning increased premiums. However, you still have to declare all claims.

binty

brazilianwax wrote: »

But if you had protected no claims at the time of the claim then you keep the level of NCB you had before the claim (that's the point of protecting them!). So 8 years should still be 8 years.

However, some companies will not allow you to protect your NCB after 2 claims in 3 years, or they'll push the premuim up considerably.

But you should still be able to get quotes on 8 years protected NCB, OP.

Ah that makes sense to me, well explained, thanks. I was misunderstanding the way it works, I think!

binty

---lee--- wrote: »

Protected no claims just means that your no claims is not stepped back in the event of a claim. Claims still have to be declared.

EDIT: Just re-read whar I wrote and it does not make any sense. What I mean is if you have 6 years NCD protected and have a claim, you still have 6 years NCD whereas if it's uprotected your years would be stepped back meaning increased premiums. However, you still have to declare all claims.

No, it made perfect sense! So, if he had 8 years no claims, protected, then a claim in 2005, then no claims in 2006, his total no claims would be 9 years?

Sorry about all the questions, I can't get my head around it today, I'm well in touch with my inner blonde!:rotfl:

brazilianwax

binty wrote: »

No, it made perfect sense! So, if he had 8 years no claims, protected, then a claim in 2005, then no claims in 2006, his total no claims would be 9 years?

Sorry about all the questions, I can't get my head around it today, I'm well in touch with my inner blonde!:rotfl:

Yes! But it's pretty academic cos most companies consider 5 years to be maximum bonus anyway

binty

brazilianwax wrote: »

Yes! But it's pretty academic cos most companies consider 5 years to be maximum bonus anyway

That's what I thought too, except all the drop down boxes on the websites I checked were up to about 9 years though, seems pointless if they're only counting 5!

Thanks to all for the help:kisses:

raskazz

lisyloo wrote: »

I'm not sure this is right so perhaps wait until some of he experts come along.
It's a "No claims" bonus no a "No blame" bonus.
If you make a claim it's affected.
I'm not sure that protected NCD is transfereable (probably depends on the new insurer).

Usually no fault claims DO affect your NCD because it's a claim and it's claims that count against you NOT blame (there are some exception like Direct line).

It is right. You need to remember that a 'fault' in insurance terminology has a totally different meaning to the usual meaning of fault (i.e. apportioning blame) - a 'fault claim' is when an insurer cannot recover their outlay from a third party, and thus your NCD will be reduced if it is not protected. A 'non fault claim' is where the insurer can recover their outlay and thus NCD will not be reduced as a result.